"As I have commented on more than one occasion, inflation and deflation represent economic distortions which are themselves exemplars of economic harm."
Why? Seems to me that mild deflation over long term should be the natural order of things as technology increases productivity and reduces the cost to produce all manner of goods.
You state 2023 may prove to be the year China runs out of road. Don't know if you have seen this video. but several substacks have linked it today: Don't Be Surprised by China's Collapse || Peter Zeihanhttps://www.youtube.com/watch?v=mqA5NODRnQI&feature=youtu.be
How come deflation and inflation occur in opposite patterns to what I would want.
This is me speaking as a regular consumer living on a fixed income (damn it feels good to say it finally when everybody's income is well and truly 'fixed').
China Avoids Deflation...Or Not
"As I have commented on more than one occasion, inflation and deflation represent economic distortions which are themselves exemplars of economic harm."
Why? Seems to me that mild deflation over long term should be the natural order of things as technology increases productivity and reduces the cost to produce all manner of goods.
You state 2023 may prove to be the year China runs out of road. Don't know if you have seen this video. but several substacks have linked it today: Don't Be Surprised by China's Collapse || Peter Zeihanhttps://www.youtube.com/watch?v=mqA5NODRnQI&feature=youtu.be
Was wondering what your take might be on this. Linking your article today @https://nothingnewunderthesun2016.com/
How come deflation and inflation occur in opposite patterns to what I would want.
This is me speaking as a regular consumer living on a fixed income (damn it feels good to say it finally when everybody's income is well and truly 'fixed').